The Management and Evaluation of Independent Project Portfolios under Uncertainty and Projects Incompatibility
This research focuses on evaluating and proposing some approaches in order to choose the most economic projects under risk and uncertainty. In this investigation, the considered projects are independent and naturally selecting multiple options, as a project portfolio, is possible. The restrictive cr...
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| Format: | Article |
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University of Qom
2020-09-01
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| Series: | مدیریت مهندسی و رایانش نرم |
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| Online Access: | https://jemsc.qom.ac.ir/article_1072_250c67c68105ae063878c3d22e7f54a6.pdf |
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| _version_ | 1832577579538710528 |
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| author | Hadi Mokhtari Zeinab Habibi |
| author_facet | Hadi Mokhtari Zeinab Habibi |
| author_sort | Hadi Mokhtari |
| collection | DOAJ |
| description | This research focuses on evaluating and proposing some approaches in order to choose the most economic projects under risk and uncertainty. In this investigation, the considered projects are independent and naturally selecting multiple options, as a project portfolio, is possible. The restrictive criterion for the investor in selecting large-scale portfolios is the limited available budget and capital that determine which projects are economic and can be selected. However, variations and inconsistencies in the economic utility of projects, which is caused by external uncertainties, is an important factor that should be considered in such evaluations. In this research, two different approaches are proposed for the economic evaluation of project portfolio under risk and uncertainty. The first approach is designed based on a normal distribution curve and the minimum coefficient of variation (CV), while the second one acts based on a corrected available budget and the maximum expected value. Finally, the results of the proposed approaches are evaluated and analyzed considering the presented sample problems. |
| format | Article |
| id | doaj-art-4c72977534c049dba63b5ce33c51416a |
| institution | Kabale University |
| issn | 2538-6239 2538-2675 |
| language | fas |
| publishDate | 2020-09-01 |
| publisher | University of Qom |
| record_format | Article |
| series | مدیریت مهندسی و رایانش نرم |
| spelling | doaj-art-4c72977534c049dba63b5ce33c51416a2025-01-30T20:17:43ZfasUniversity of Qomمدیریت مهندسی و رایانش نرم2538-62392538-26752020-09-01628311210.22091/jemsc.2018.2451.10601072The Management and Evaluation of Independent Project Portfolios under Uncertainty and Projects IncompatibilityHadi Mokhtari0Zeinab Habibi1Assistant Professor, Department of Industrial Engineering, Faculty of Engineering, University of Kashan, Kashan, Iran.BSc Student of Industrial Engineering, Department of Industrial Engineering, Faculty of Engineering, University of Kashan, Kashan, Iran.This research focuses on evaluating and proposing some approaches in order to choose the most economic projects under risk and uncertainty. In this investigation, the considered projects are independent and naturally selecting multiple options, as a project portfolio, is possible. The restrictive criterion for the investor in selecting large-scale portfolios is the limited available budget and capital that determine which projects are economic and can be selected. However, variations and inconsistencies in the economic utility of projects, which is caused by external uncertainties, is an important factor that should be considered in such evaluations. In this research, two different approaches are proposed for the economic evaluation of project portfolio under risk and uncertainty. The first approach is designed based on a normal distribution curve and the minimum coefficient of variation (CV), while the second one acts based on a corrected available budget and the maximum expected value. Finally, the results of the proposed approaches are evaluated and analyzed considering the presented sample problems.https://jemsc.qom.ac.ir/article_1072_250c67c68105ae063878c3d22e7f54a6.pdfeconomic crisiseconomic evaluationproject portfoliosrisk and uncertainty |
| spellingShingle | Hadi Mokhtari Zeinab Habibi The Management and Evaluation of Independent Project Portfolios under Uncertainty and Projects Incompatibility مدیریت مهندسی و رایانش نرم economic crisis economic evaluation project portfolios risk and uncertainty |
| title | The Management and Evaluation of Independent Project Portfolios under Uncertainty and Projects Incompatibility |
| title_full | The Management and Evaluation of Independent Project Portfolios under Uncertainty and Projects Incompatibility |
| title_fullStr | The Management and Evaluation of Independent Project Portfolios under Uncertainty and Projects Incompatibility |
| title_full_unstemmed | The Management and Evaluation of Independent Project Portfolios under Uncertainty and Projects Incompatibility |
| title_short | The Management and Evaluation of Independent Project Portfolios under Uncertainty and Projects Incompatibility |
| title_sort | management and evaluation of independent project portfolios under uncertainty and projects incompatibility |
| topic | economic crisis economic evaluation project portfolios risk and uncertainty |
| url | https://jemsc.qom.ac.ir/article_1072_250c67c68105ae063878c3d22e7f54a6.pdf |
| work_keys_str_mv | AT hadimokhtari themanagementandevaluationofindependentprojectportfoliosunderuncertaintyandprojectsincompatibility AT zeinabhabibi themanagementandevaluationofindependentprojectportfoliosunderuncertaintyandprojectsincompatibility AT hadimokhtari managementandevaluationofindependentprojectportfoliosunderuncertaintyandprojectsincompatibility AT zeinabhabibi managementandevaluationofindependentprojectportfoliosunderuncertaintyandprojectsincompatibility |